ROLE OF RBI -- IBPS RRB PO INTERVIEW--IBPS PO -- IBPS CLERKS -EPFO
Monetary
Authority
Authority
The Reserve
Bank of India constantly works towards keeping inflation under check and
ensuring adequate supply of liquidity for the productive sector as also towards
financial stability.
Bank of India constantly works towards keeping inflation under check and
ensuring adequate supply of liquidity for the productive sector as also towards
financial stability.
Supervisor
of the Financial System
of the Financial System
Prescribes
regulations for sound functioning of banks and financial institutions,
including non-banking finance companies
regulations for sound functioning of banks and financial institutions,
including non-banking finance companies
- Promotes
best practices in risk management and corporate governance to protect
depositors' interest and to enhance public confidence in the financial system
of the country
best practices in risk management and corporate governance to protect
depositors' interest and to enhance public confidence in the financial system
of the country
-
Encourages use of technology in banks to provide cost-effective service to
consumers.
Encourages use of technology in banks to provide cost-effective service to
consumers.
Issuer of
Currency
Currency
Ensures
good quality coins and currency notes in adequate quantity
good quality coins and currency notes in adequate quantity
- Mops up
notes and coins unfit for circulation
notes and coins unfit for circulation
- Advises
the Government on designing of currency notes with the latest security
features.
the Government on designing of currency notes with the latest security
features.
Manager
of Foreign Exchange
of Foreign Exchange
Formulates
policies to facilitate external trade and payments, facilitates foreign
investments in India and Indian investments abroad and promotes orderly
development of foreign exchange markets.
policies to facilitate external trade and payments, facilitates foreign
investments in India and Indian investments abroad and promotes orderly
development of foreign exchange markets.
Banker tothe Government
Maintains
accounts of central and state governments. Performs merchant banking function
for the central and the state governments
accounts of central and state governments. Performs merchant banking function
for the central and the state governments
-
Encourages development and orderly functioning of Government securities market
Encourages development and orderly functioning of Government securities market
- Advises
central and state governments in better cash management.
central and state governments in better cash management.
Payment
Systems
Systems
Work
towards establishment of modern, robust, efficient, secure and integrated
payment and settlement system for the country.
towards establishment of modern, robust, efficient, secure and integrated
payment and settlement system for the country.
Bankers'
Bank
Bank
Ensures
adequate liquidity in the financial system and in individual banks, on a daily
basis
adequate liquidity in the financial system and in individual banks, on a daily
basis
- Performs
lender of the last resort function.
lender of the last resort function.
Developmental
Role
Role
Performs a
wide range of functions to support national objectives such as ensuring orderly
growth and development of financial markets and institutions, creating
institutions to serve specialised financial needs and extending the organised
financial sector to all parts of the economy.
wide range of functions to support national objectives such as ensuring orderly
growth and development of financial markets and institutions, creating
institutions to serve specialised financial needs and extending the organised
financial sector to all parts of the economy.
Under
Research
Research
Serves as
the primary source of information on Indian economy and financial system
the primary source of information on Indian economy and financial system
- Analyses
the issues and problems affecting the Indian economy
the issues and problems affecting the Indian economy
- Renders
advice for policy formulation and shaping monetary, banking and financial
policies
advice for policy formulation and shaping monetary, banking and financial
policies
- Prepares
the Bank's publications
the Bank's publications
-
Warehouses data to enable decision-making.
Warehouses data to enable decision-making.
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